₦airaland Forum

RabbiDoracle:
When drowning you are thrown up....then you go down....thrown up again...then you go down... thrown for the last time.....then goodbye Janet!

sellydion:
Even if Oando is to appreciate by 2000%, I won't stake a kobo at the unknown.

veecovee:
loco, I pray that they lift the suspension during this bull season. And if that happens, pls don't continue with what you introduced here. You are the first to give out bottles of beer to people here, you once offered me 10 bottles of beer but when I told you that I do not drink and that I would rather use the money to fuel my missionary bus, you earnestly refused. Not good.

You know, money can grow wings and fly away when you least expect. To keep the money coming, Pay your tithe, am a missionary and not a pastor, so don't pay me, cause I'll reject it as I rejected the money for 10 bottles of beer. Pay to your pastor. Don't care what he does with the money cause he'll give account to God. Just do your bid. Give to widows, orphans, less privilege and also support the work of God, this where you remember people like us.

All these would keep the money coming here on earth and will also give you treasures in heaven ...

But remember, your gate pass to heaven is life of HOLINESS AND RIGHTEOUSNESS

All the best to loco...

veecovee:
Hotel? Haaa for biz abi na for? This is January ooo. God no do bad to butter our bread unexpectedly for January oooo. Make una bring out small do God's work and save the rest for the rainy days. I'm serious ooo.

Agbalowomeri:
Where you get this spreadsheet? This one na stock exchange?

Agbalowomeri:
She has refused to show us the way to chop in Ghana

Yayira:

locodemy:
Loco is now looking unto his 500%.
Loco saw the money,moved for the money,waiting for the money.
Loco is not in a haste to do vuuuuuuum here because the stock has dried in the hands of fainted heart.
Anyone who is yet to pick this stock will get it from #10 and above I.e from the fainted hearts.
Loco has shifted his goal post to #50 before offoading the 2.4 m units he managed to get.

Loco is still heavy in Transcorp I tell you what?
Transcorp must hit #10 in 2018.

Agbalowomeri:
Have they lifted the suspension? Make una no allow wale dump on una. What about the forensic audit?

Intendy:
stocks with new 52 week highs

caverton #2.44k

Wema #1.28k

Skye bank #1.41k

unity bank #1.30k

NEM #1.92k

medview #2.17k

custodian #4.17k

Access bank #12.97k

international breweries #64.00k

Mpeace:
Am si sad I didn't get enough of oando before this news. It would be very difficult getting it now.

pluto09:
Access don take style overtake UBA

safepaulooo:
Depends on your risk appetite.....gree die is already on the prowl. Less risk appetite will wait for forensic result. But expect same favorable positive stance.

currentprice:
@ tritri why u come remove your 4m unit bid on one particular stock you wan form mkt maker then fear catch you

Mpeace:
Full offer, transcorp, fcmb, diamond...

Mpeace:
Full offer, transcorp, fcmb, diamond...

samzepaparazi:
Blood of zachariah

Who is pumping 50million units of transcorp at once.
7 times now thats 350million units by one entity as at this time


Im not decamping again

PharmAlfred:
150million shares of Transcorp has been done on cross deal this morning. There is no telling where this one is headed for. May be #5.

The big seller of Access shares seems to 've retreated a bit.

UBA also waking up.

GTB is leading the way this morning.

fxuser:
Calling all board members , it's board meeting wk next week

tritritri:
Kai am how did u coup afterwards?

fxuser:
Pls Do not quote me:

petition ''MAY'' very likely be withdrawn , cant say much. very sensitive matter


dis:
i don't own any and this is not a buy / sell recommendation .

emmanuelewumi:
You will be fine my brother, you lose money in order to learn how to make money.

After all, Farouk Umar lost over N700 Million in Union Home.
This was an old school investor, but the bull run of 2001 to 2008 made him to change his investment philosophy and strategy. Any way the guy is still in the market and currently doing very fine.

wanaj0:
Time is the period allowed for the market to respond to the fundamentals of a company. That must always happen. As time tends towards infinity, the share price will reflect the underlying value of the company.

Yes OandO was once very high. What has happened since then?

1) Dilution. Check the current outstanding shares. At N200, what will be the capitalisation of OandO? Are there assets to justify this?

2) Poor Management : If you need evidence of a badly managed company, just look at OandO. It is a company whose management are expert in destroying value. I am sure many are not aware of the 'Technical Fees' that Ocean and OIl use to charge OandO for doing nothing. Many can't remember the story about listing on JSE to raise capital. The story about the refinery that never saw the light of the day. They venture into a territory that they have ZERO clue about. They overpaid for upstream assets. They started selling midstream and downstream assets which is their area of competency. Who did they sold to? Anyone know 'undertaker' Jimoh Ibrahim?

3) Debt: The creditors seems to own OandO now. The current suspension is due to creditors trying to take over OandO. The shareholders may wake up to discover that they own only 1% of OandO. So if the price gets to N200, the minority shareholders may find out that they only own 1% of the N200

4) Corporate Governance: A company built on deceit must collapse. OandO's problem is not really due to crash in oil price! It is due to corrupt tendencies. Everything about OandO is deceit. Who remembers the claim of oversubscription of private placement. I doubt there is any company with such flagrant abuse of ethics and compliance. They were experts in manipulating their share price!

I think people should realise that when they buy shares, they are actually 'buying' a company. So ask yourself, what is 'good' about the company you are buying. Was the account not qualified? Is OandO a going concern?

Time will tell! Only a GAMBLER will even consider OandO.

RabbiDoracle:
When drowning you are thrown up....then you go down....thrown up again...then you go down... thrown for the last time.....then goodbye Janet!